Story thread · 2 reports / 2 sources

Rents are dropping in Miami, but living in South Florida is still expensive

nbcmiami.com · 10dShare

There’s good news for anyone looking for a place to live in South Florida: rental prices are coming down. The median asking rent in Miami was $2,277 in June, a 2.6% drop compared with 2025, according to a recent Rent Report . The decline is happening in the middle of peak renting season—summer—when prices usually climb due to the rise in vacation rentals. And it’s not an isolated case: Miami is dropping faster than the national average, which fell 1.5% over the same period. How much it costs to rent in Miami compared with the rest of the country The relief isn’t just for one month. June marks 35 straight months in which rents have fallen year over year across the nation’s 50 largest metro areas. Nationwide, the median rent came in at $1,692—about $25 less than a year ago. And prices have dropped across every housing type: Studios: $1,422 a month, down 2.2%. One-bedroom: $1,579, down 1.4%. Two-bedroom: $1,893, also down 1.4%. Rent is down, but… Even with prices falling, they still haven

First report: Los Angeles County rents fall to a four-year low, but housing still stretches new graduates’ budgets — nypost.com, 12d